(Adds details from statement)
Sept 10 (Reuters) - Hudson's Bay Co HBC.TO reported a 15.2
percent rise in quarterly sales as the department store operator
gained from its strengthening online presence.
The company, which has also been opening more Saks OFF 5TH
stores in the United States, said total same-store sales rose
4.2 percent in the second quarter.
Hudson's Bay, which had gained from Target Corp (NYSE:TGT)'s TGT.N
exit from Canada in the first quarter, said on Thursday that
overall online sales jumped 30 percent in the quarter ended
Aug.1.
Same-store sales at Saks OFF 5TH rose 12.7 percent, while
same-store sales at its luxury chain, Saks Fifth Avenue, rose
only 0.1 percent.
Earlier in June, Hudson's Bay bought Germany's department
store chain, Kaufhof, from Metro for 2.8 billion euros ($3.13
billion) to help expand into Europe and has said it aims to
expand Kaufhof's e-commerce business "aggressively".
The company reported a net profit of C$67 million ($51
million), or 33 Canadian cents in the second quarter, compared
with a net loss of C$36 million, or 23 Canadian cents per share,
a year earlier.
Sales rose to C$2.04 billion from C$1.77 billion a year
earlier.
($1 = 1.3228 Canadian dollars)
($1 = 0.8939 euros)